KLCM Advisors Inc. Has $14.03 Million Holdings in Reynolds Consumer Products Inc. (NASDAQ:REYN)

KLCM Advisors Inc. grew its position in Reynolds Consumer Products Inc. (NASDAQ:REYN - Free Report) by 112.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 522,891 shares of the company's stock after buying an additional 276,898 shares during the period. Reynolds Consumer Products makes up 2.2% of KLCM Advisors Inc.'s portfolio, making the stock its 19th largest position. KLCM Advisors Inc. owned approximately 0.25% of Reynolds Consumer Products worth $14,034,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James & Associates boosted its stake in Reynolds Consumer Products by 7.1% in the 1st quarter. Raymond James & Associates now owns 64,637 shares of the company's stock worth $1,896,000 after purchasing an additional 4,280 shares during the period. Bank of New York Mellon Corp boosted its stake in Reynolds Consumer Products by 6.2% in the 1st quarter. Bank of New York Mellon Corp now owns 675,785 shares of the company's stock worth $19,827,000 after purchasing an additional 39,307 shares during the period. PNC Financial Services Group Inc. boosted its stake in Reynolds Consumer Products by 784.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 10,212 shares of the company's stock worth $299,000 after purchasing an additional 9,057 shares during the period. MetLife Investment Management LLC acquired a new position in Reynolds Consumer Products in the 1st quarter worth $32,000. Finally, Dimensional Fund Advisors LP boosted its stake in Reynolds Consumer Products by 43.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 354,374 shares of the company's stock worth $10,394,000 after purchasing an additional 108,130 shares during the period. Institutional investors and hedge funds own 26.81% of the company's stock.

Reynolds Consumer Products Stock Down 0.4 %

NASDAQ:REYN traded down $0.10 on Wednesday, hitting $28.06. 438,748 shares of the company's stock were exchanged, compared to its average volume of 596,303. The firm has a 50-day moving average price of $28.71 and a 200-day moving average price of $27.26. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.18 and a quick ratio of 1.08. Reynolds Consumer Products Inc. has a 52 week low of $24.80 and a 52 week high of $30.54. The company has a market cap of $5.90 billion, a P/E ratio of 19.76 and a beta of 0.49.

Reynolds Consumer Products (NASDAQ:REYN - Get Free Report) last issued its earnings results on Wednesday, February 7th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.03. The company had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $1.01 billion. Reynolds Consumer Products had a net margin of 7.98% and a return on equity of 15.77%. Reynolds Consumer Products's quarterly revenue was down 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 EPS. As a group, analysts expect that Reynolds Consumer Products Inc. will post 1.61 EPS for the current fiscal year.

Reynolds Consumer Products Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th were issued a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.28%. Reynolds Consumer Products's payout ratio is 64.79%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $31.00 target price on shares of Reynolds Consumer Products in a research note on Wednesday, March 20th. Barclays upped their target price on shares of Reynolds Consumer Products from $27.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Friday, April 12th. Stifel Nicolaus reissued a "hold" rating and set a $30.00 price target on shares of Reynolds Consumer Products in a research report on Wednesday, March 20th. TheStreet raised shares of Reynolds Consumer Products from a "c+" rating to a "b-" rating in a research report on Thursday, February 1st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Reynolds Consumer Products from $29.00 to $30.00 and gave the stock a "neutral" rating in a research report on Thursday, February 8th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, Reynolds Consumer Products has a consensus rating of "Hold" and an average target price of $29.80.

Reynolds Consumer Products Company Profile

Reynolds Consumer Products Inc produces and sells products in cooking, waste and storage, and tableware product categories in the United States and internationally. It operates through four segments: Reynolds Cooking & Baking, Hefty Waste & Storage, Hefty Tableware, and Presto Products. The Reynolds Cooking & Baking segment produces aluminum foil, disposable aluminum pans, parchment paper, freezer paper, wax paper, butcher paper, plastic wrap, baking cups, oven bags, and slow cooker liners under the Reynolds Wrap, Reynolds KITCHENS, and EZ Foil brands in the United States, as well as under the ALCAN brand in Canada and under the Diamond brand internationally.